Positive Outlook

With the last remaining months of the year, many wonder how the Philippine economy is shaping up. With tensions in the US and European markets, are we in for another roller-coaster ride?

The good news is that all seems to be well as of the moment. First, amidst the crisis in the western hemisphere, our stock market is doing good, but in a cautious sense. Last Friday’s index closed at 4009.26, a 0.24% rise compared to the previous week. With lower stock prices, many traders have been on “bargain hunting mode”, but economists are urging traders to be cautious about “buying sprees”. Rather, engagement in strategic investing is promoted as a better approach towards low stock prices. The strengthening of the peso is also a positive sign.

Second, the Board of Investments (BOI) expects capital inflows up to P350B by December, partly due to new ventures in Bukidnon, such as a P300M resort and a P1.2B hydro generator. This may result to more jobs and investment opportunities.

Lastly, we may be seeing more synergy between the real estate and tourism sectors, a step towards securing the country’s status as Southeast Asia’s retirement haven. Although still in the pipeline, Vice President Jejomar Binay is convinced that this direction will create new jobs for Filipinos and improve residential communities.

So there you have it. Some of the things we can look forward to approaching the end of the year. Seems like everything is still in order. What are your thoughts about our positive outlook? Do you share the same vibe? Hit us up with your insights on our comments section below.

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Two weeks ago, two typhoons barged into Philippine territory and caused extensive damage to lives and property. Typhoons Pedring and Quiel brought heavy winds and strong rains to most of Luzon, causing week long floods in Bulacan, and property damage to several areas, including our famed Roxas Boulevard Baywalk.

To put it in a positive perspective, majority of the affected areas have recovered pretty fast, thanks to efforts from the government and local volunteers. Filipinos have been know for resiliency in times of need, and once again we succeeded in showing that. But there’s still room for assistance. Head on over to the Philippine Red Cross site to donate, or send your donations to them care of UnionBank: